After 50% growth in July 2019 caused by starting of new grain season sea-river and coaster market at Black Sea dropped down even to lower levels than it was in June 2019. Almost all major commodities sales are collapsing: grains, coal, scrap, steel.
Last time we observed same situation in November 2008, when despite of grain season and large crop market dropped dead.
The most interesting thing is that Handy and bigger vessels marked is rising sharply from 8-9000 usd daily for common Handy in April 2019 till over 25000 usd daily in August. Last time such rates were observed exactly during 2007-2008.
Combination of this 2 factors: very weak coasters and obviously overheated Handies clearly reminds situation of last big crisis in shipping.
